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tyrion70 (OP)
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March 30, 2014, 02:12:39 PM Last edit: March 30, 2014, 02:42:18 PM by tyrion70 |
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Hey All,
Was just preparing dividends but as it looks now we need the next Eligius payout to meet minimum of 0.0000546 btc to transfer (to the smallest users). The next payout from eligius should be in a few hours (4 blocks) but will still take approximately 14-18 hours for enough confirmations(100 needed) to use in a transaction.
In short, dividends will be delayed a little (monday morning) to allow for enough confirmations. As it stands, it seems we need to start thinking of selling the miners in a few weeks because with the btc price as it is we're getting close to the point where mining is not profitable anymore.
Cheers,
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btceic
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 30, 2014, 02:53:01 PM |
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Hey All,
Was just preparing dividends but as it looks now we need the next Eligius payout to meet minimum of 0.0000546 btc to transfer (to the smallest users). The next payout from eligius should be in a few hours (4 blocks) but will still take approximately 14-18 hours for enough confirmations(100 needed) to use in a transaction.
In short, dividends will be delayed a little (monday morning) to allow for enough confirmations. As it stands, it seems we need to start thinking of selling the miners in a few weeks because with the btc price as it is we're getting close to the point where mining is not profitable anymore.
Cheers,
Agreed and thanks for the update, for a rough calculation what do you think we can get for all of them?
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equipoise
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March 30, 2014, 03:03:19 PM |
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What would be a good price for a KNC miner? For example in Bulgaria the electricity price is currently the cheapest in EU (about 1.7-3 times compared to other countries) and those would mine some more btc before they are switched off. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fgreenelectricityblog.co.uk%2Fwp-content%2Fuploads%2F2012%2F10%2Fukvseuropeenergy.png&t=665&c=Dvr59INl8TnrAA)
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leepsteer00
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 30, 2014, 03:08:38 PM |
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Hey All,
Was just preparing dividends but as it looks now we need the next Eligius payout to meet minimum of 0.0000546 btc to transfer (to the smallest users). The next payout from eligius should be in a few hours (4 blocks) but will still take approximately 14-18 hours for enough confirmations(100 needed) to use in a transaction.
In short, dividends will be delayed a little (monday morning) to allow for enough confirmations. As it stands, it seems we need to start thinking of selling the miners in a few weeks because with the btc price as it is we're getting close to the point where mining is not profitable anymore.
Cheers,
Agree with that.
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TookDk
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March 30, 2014, 03:10:26 PM |
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Thanks for the update - agreed.
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Cryptography is one of the few things you can truly trust.
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Kokomoka
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March 30, 2014, 05:15:02 PM |
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What would be a good price for a KNC miner? For example in Bulgaria the electricity price is currently the cheapest in EU (about 1.7-3 times compared to other countries) and those would mine some more btc before they are switched off. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fgreenelectricityblog.co.uk%2Fwp-content%2Fuploads%2F2012%2F10%2Fukvseuropeenergy.png&t=665&c=Dvr59INl8TnrAA) I live in a country with free electricity provided as a government benefit. Can someone let me know what sort of power consumption one of these units has, is it possible to run such a unit in your home?
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equipoise
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March 30, 2014, 05:52:36 PM |
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The KNC Jupiter power consumption should be around 1W per GH, so it should be around 540W per 540GH/s Jupiter miner. You could run up to 5-10 such machines at home, but you should check this for your country and your home power standards.
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tyrion70 (OP)
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March 30, 2014, 06:27:44 PM |
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Power usage usually hovers around 600W each. I'm guessing the only people still buying Jupiters are people with free or very cheap access to electricity. Normal breakers in a house here are 25amps (50 on the main line) so at 230V you could technically run 9 machines, but I wouldn't advise anyone to do that because of the warmth and noise they give ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) One or two is definately doable I'm seeing new Antminers selling for little under 0.9 btc currently, and hashwise 3 antminers equal one Jupiter. If you look at our orderbook, buy orders say people are willing to buy a miner for ~2btc and sell for ~4.3 btc. Ebay doesn't offer much help either, there is exactly one jupiter with a bid on it (currently 500$) the rest starts at around 3k and hasn't got any offers. This auction in FL, USA: http://tinyurl.com/m9bd9ws, for two miners starting at $2400 doesn't even have a starting bid yet. Anyone holding (more than) 12400 shares is free to have a miners shipped to him (excluding shipping).
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btceic
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March 30, 2014, 07:19:19 PM |
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Power usage usually hovers around 600W each. I'm guessing the only people still buying Jupiters are people with free or very cheap access to electricity. Normal breakers in a house here are 25amps (50 on the main line) so at 230V you could technically run 9 machines, but I wouldn't advise anyone to do that because of the warmth and noise they give ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) One or two is definately doable I'm seeing new Antminers selling for little under 0.9 btc currently, and hashwise 3 antminers equal one Jupiter. If you look at our orderbook, buy orders say people are willing to buy a miner for ~2btc and sell for ~4.3 btc. Ebay doesn't offer much help either, there is exactly one jupiter with a bid on it (currently 500$) the rest starts at around 3k and hasn't got any offers. This auction in FL, USA: http://tinyurl.com/m9bd9ws, for two miners starting at $2400 doesn't even have a starting bid yet. Anyone holding (more than) 12400 shares is free to have a miners shipped to him (excluding shipping). Tyrion, would you consider 1 or 2 "cores" for my shares? Edit: I wonder if I can buy just a shell from KnC?
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tyrion70 (OP)
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March 30, 2014, 07:25:06 PM |
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Tyrion, would you consider 1 or 2 "cores" for my shares?
How do u figure that? We could "chop" a machine in 4 boards, but there is only one main controller.. So I guess for ppl that already own a saturn/mercury we could offer the "upgrade" boards for 3100 shares? If anyone is interested in this, please also send a PM so we can keep track of what ppl want. Cheers,
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nucleon
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March 31, 2014, 07:28:01 AM |
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The profit ratio is getting close to expenses are >= 50% of revenue. And the BTC price seems to be dropping like a stone. This ratio is getting eaten alive from both ends. It's getting real marginal, real quick. Plus the network has a boat load of Neptunes coming which is going to push revenue down. As I have no idea where you guys are ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I'm probably overseas, and I'm more than likely get hit with some import taxes bringing it into the country. I'm not that keen on spending more money than I have to. I don't think I'd even recoup the import taxes ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I'm aok, to sell if you can and redistribute the sale proceeds. Even though we may still have a few weeks of profit - the time to find a buyer and ship is non-zero. -- Craig
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eightcylinders
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March 31, 2014, 03:28:12 PM |
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Well I have a Mercury, that would be a nice but can anyone tell me how easy the upgrade would be? I did some searches but did not come up with much except that the Mercury upgrade packs from KNC were sold out in 3 minutes lol. Tyrion, would you consider 1 or 2 "cores" for my shares?
How do u figure that? We could "chop" a machine in 4 boards, but there is only one main controller.. So I guess for ppl that already own a saturn/mercury we could offer the "upgrade" boards for 3100 shares? If anyone is interested in this, please also send a PM so we can keep track of what ppl want. Cheers,
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My BTC Addres: 1PMEJCY6ofqmnAdYbdQqToZ7MNSAz35w7v =>Buy the world's first hardware wallet. Safer than paper and easier to use than smartphones. If you use Bitcoin you need this: Buy Trezor!!
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vayvanne
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April 01, 2014, 09:12:08 PM Last edit: April 02, 2014, 02:05:23 AM by vayvanne |
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tyrion70 How much is stuck on bitfunder of your coins? Are you planning to start a legal actions against ukyo?
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joele
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April 02, 2014, 01:41:43 AM |
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Tyrion, Any plans on offering new group buy for gridseed and hosted it? Scrypt coins have more stable difficulty and much profitable to mine, we can hook to a multipool and pay in bitcoin.
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tyrion70 (OP)
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April 02, 2014, 03:17:28 PM |
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tyrion70 How much is stuck on bitfunder of your coins? Are you planning to start a legal actions against ukyo?
Not enough to start legal action on my own, not sure if I want to do that anyway really.. I'm seriously considering the coins lost.. If I ever get anything back thats good but I'm not counting on it anymore.. Tyrion, Any plans on offering new group buy for gridseed and hosted it? Scrypt coins have more stable difficulty and much profitable to mine, we can hook to a multipool and pay in bitcoin.
Not sure really.. Honestly I'm thinking the only ones to profit mining machines are the people making them. For the rest of the world its just a gamble as we've seen with the Jupiters.. Especially with pre-orders. We don't really want to run a GB without investing in it ourselves, so thats the first thing we really need to decide. If we do, we'll let everyone know here ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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tyrion70 (OP)
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April 02, 2014, 03:19:19 PM |
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Well I have a Mercury, that would be a nice but can anyone tell me how easy the upgrade would be? I did some searches but did not come up with much except that the Mercury upgrade packs from KNC were sold out in 3 minutes lol.
As far as I can see every card has a molex (power connector) and a logic connector that goes to the mainboard.. Not sure but I expect the case of a mercury to be identical to a jupiter, so I think all the screwholes should be there. Other than that it should be as simple as connecting the board and firing it up ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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S4VV4S
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April 02, 2014, 03:42:11 PM |
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Tyrion how much would you and the group would be considering selling a miner for?
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TookDk
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April 02, 2014, 06:50:26 PM |
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Tyrion, Any plans on offering new group buy for gridseed and hosted it? Scrypt coins have more stable difficulty and much profitable to mine, we can hook to a multipool and pay in bitcoin.
I cannot see how anybody can make a profit by mining with Gridseed unit (at the currently price for the hardware). If KnC can deliver the Titan as scheduled it will outperform the gridseed insanely (in terms of MHash/$). Gridseed is 350 KHash/s for aproximate 100$, Knc is 250 MHash/s for 10k$. Titan can potentially make a profit, but there are many variables and uncertainties to consider.
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Cryptography is one of the few things you can truly trust.
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